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GLOBAL REALTY DEVELOPMENT CORPORATION RETAINS 5W PUBLIC RELATIONS AS THEIR PR AGENCY OF RECORD

CORAL SPRINGS, FL -- (MARKET WIRE) -- December 5, 2006 --

Launching the First "Text Your Way to Stardom" Campaign is Agency's
First Task

Coral Springs, FL, December 5 - Global Realty Development
Corporation, a Delaware Corporation (OTCBB GRLY) today announced
that they have hired 5W Public Relations, a New York City based PR
and Media firm. Headquartered in New York with an office in Los
Angeles, 5W Public Relations (www.5wpr.com), is the nation's fastest
growing independent PR firm for 2004 & 2005, according to the
O'Dwyer's Report. The agency maintains practice areas specializing in
technology, corporate, consumer, entertainment, crisis
communications, Investor Relations, event management and public
affairs.

The 5W Public Relations team will hit the ground running in December
by publicizing GRD's one-of-a-kind SMS- Text Messaging -based
campaign, "Text Your Way to Stardom." The campaign offers the chance
to win a feature role in GRD's upcoming film, "The Devil Exists" or a
track on the soundtrack for the film.

"Text Your Way to Stardom" is the first of three movie-related
campaigns to be launched by GRD's entertainment subsidiary, MJD
Films. Other campaigns include "Win A Trip To The Cannes Film
Festival," where the winner will attend "The Devil Exists" party and
"Walk The Red Carpet" where the winner will attend the movie's
official premier.

"5W Public Relations' considerable mobile technology and
entertainment experience made them the right agency for us," said
Robert Kohn, CEO of Global Realty Development Corp. "Significant
developments in our entertainment division need to be relayed to a
broad audience immediately."

Global Realty Development Corp. is a publicly held company based in
the United States that focuses on high-value investment in - and
development of - properties in real estate, entertainment and gaming
markets around the world.

Global Realty Development Corp. is an international land development
company operating through various real estate development
subsidiaries. Global recently acquired MJD Films and the majority
interest in the TFM Group and is now focused on pursuing
opportunities in the entertainment and gaming industry.

Investors are cautioned that certain statements contained in this
document as well as some statements in periodic press releases and
some oral statements of GLOBAL officials are "Forward-Looking
Statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). Forward-looking statements include
statements which are predictive in nature, which depend upon or refer
to future events or conditions, which include words such as
"believes," "anticipates," "intends," "plans," "expects," and similar
expressions. In addition, any statements concerning future financial
performance (including future revenues, earnings or growth rates),
ongoing business strategies or prospects, and possible future GLOBAL
actions, which may be provided by management, are also
forward-looking statements as defined by the Act. Forward-looking
statements involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance or
achievements of the Company to materially differ from any future
results, performance, or achievements expressed or implied by such
forward-looking statements and to vary significantly from reporting
period to reporting period. Although management believes that the
assumptions made and expectations reflected in the forward-looking
statements are reasonable, there is no assurance that the underlying
assumptions will, in fact, prove to be correct or that actual future
results will not be different from the expectations expressed in this
report. These statements are not guarantees of future performance and
GLOBAL has no specific intention to update these statements.